Stock Market News

Petra Diamonds took a knock on Tuesday after it became aware that 43m shares held by Awal Bank have been placed by its administrators, RBS Capital Markets, with both UK and international institutions at a price of 190p per share.

The other 13.2m shares held by Awal Bank are subject to a 90-day lock-up.

The group on Monday posted annual production figures above expectations at 3.1m carats, helping revenue jump 17% to $42.6m.

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